MADRID 19 Nov. () –
Solaria shares opened the trading day with a decrease of more than 4% after announcing yesterday, with the market already closed, its results for the first nine months of the year, in which it obtained a net profit 34% lower than that of the same period of 2023.
Specifically, Solaria shares fell 4.6% in the early stages of the session this Thursday, to 9.435 euros per share.
The group recorded a net profit of 57.09 million euros between January and September, a figure that represents a drop of 34% compared to the same period of the previous year.
The company’s income reached 157.36 million euros in the period from January to September, with a decrease of 8% compared to the first nine months of 2023, mainly due to the fall in energy prices.
For its part, the gross operating result (Ebitda) of the renewable group stood at 131.62 million euros at the end of September, with a decrease of 14%.
In its results report, Solaria highlights that it continues to maintain exponential growth, which translates into an increase in energy production (+15%), “which for reasons of the sharp drop in price has not materialized in a greater increase in Ebitda”, although it foresees that said price “will finish normalizing in the last three months of the year and, as a consequence, achieve the set objectives.”
As part of its strategy, Solaria accelerated its commitment to technological and geographical diversification in the third quarter with the entry into the United Kingdom and the expansion of its data center business, already having a portfolio of 1.7 GW in three geographical areas. of Spain: Madrid-Castilla-La Mancha, Garoña-Basque Country and Catalonia.
Solaria aspires to be a unique player in the central sector of the data center business, making available the generation infrastructure of its plants, the land, offering the energy and the permit for its consumption and developing all the processing. necessary for development.
Likewise, Solaria indicated that it is in negotiations with different American and European players to create joint ventures for the development of both cloud and artificial intelligence data centers.
In addition, the group continues to advance in the negotiation for the development of a data center in its former industrial facilities in Puertollano (Ciudad Real).
For its part, Generia, Solaria’s ‘landco’ dedicated to the purchase of land where renewable assets are located in Europe, will accelerate its growth in the coming months thanks to the entry of a new investor into its capital.
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